Cities
Gurgaon- The Millennium City which already houses around 1,100 high-rises is expected to get an additional of 1500 multi-storey towers by 2018. During 2008 to 2012, several developers have acquired licenses for projects under the new master plan, among which around 95 percent include multi-storey apartments. About 95% of the available space for high-rise projects [...] Continue Reading »
Maharashtra Government has approved the use of no development zones (NDZs) for industrial, commercial and residential activity in the state. This approval was given in the exit policy for special economic zones (SEZs). In the NDZ areas, a basic floor space index (FSI) of 0.5 will be allotted. The new industrial policy which was recently [...] Continue Reading »
In 2012, the residential market was disturbed by weak business sentiments, high property prices, high labour cost and relatively higher mortgage rates which resulted in the decline of 30% in 2012 in comparison to a plunge of 7% in 2011, said a real estate consultancy. Real estate developers are really cautious of launching project as the gap [...] Continue Reading »
Kochi- The project work of Kochi metro will now be handed over to the Delhi Metro Rail Corporation (DMRC). This elevated metro rail covers 25km distance from Alwaye to Petta with 22 stations. On January 8, 2013, Federal Minister for Urban Development took this decision jointly with the Delhi government and the DMRC. A high level meeting was [...] Continue Reading »
New Delhi- High property prices and rising interest rates of home loans during 2012 have brought down demand for properties in India. In the top six cities of India, the housing sales have dropped by 16 percent to around 2 lakh units in the previous year, revealed a report by property consultant Knight Frank. Many [...] Continue Reading »
The state government is planning to divide the water supply proportionately to the city as the water levels in Kabini and Krishna Raja Sagar (KRS) dams went down. Bangalore was hit by drought last year, which resulted in the depletion of water levels in Cauvery basin reservoirs. From November 2012, new areas of Bruhat Bangalore [...] Continue Reading »
Hyderabad- India’s largest engineering and construction company, Larsen and Toubro Ltd (L&T) declared that they will rope in an equity partner for its Rs 16,375 crore Hyderabad Metro Rail project. Hyderabad metro rail project is one of the largest urban infrastructure project in India which is under public-private partnership. This rail project will run along 71.16km distance [...] Continue Reading »
New Delhi- With the town planners working on the land use plans in Delhi, the city’s development is being implemented in an arbitrary manner. The Delhi master plan 2021 documents along with the master plan for the zonal areas which were procured by the DDA were vague in terms of presentation and content. In the year [...] Continue Reading »
Infrastructure giants like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are already going head over heels to bag Mumbai’s upcoming elevated rail corridor project. The railway corridor from Churchgate to Virar is planned at a budget of Rs. 20,000 crores, and will be Indian railways’ first and India’s largest public-private [...] Continue Reading »
South Delhi is booming with the increase of investors in two areas: Khan Market and Meherchand Market. Entrepreneurs are eying in south Delhi’s Meherchand Market as it is the alternative destination for many investors because Khan Market is lacking in commercial space. South Delhi corporation now planned to revive the market in order to boost [...] Continue Reading »
